- doxo launched doxoBILLS, a new platform that combines six key features to help consumers manage household finances more effectively.
- Among the new tools are all-in-one bill pay, real-time bank balance insights, credit score protection, $1 million in identity theft protection, and utility usage tracking.
- While doxoBILLS offers standard features for free, premium options like identity theft protection and overdraft safeguards are available through the doxoPLUS subscription, priced at $5.99 per month.
Online billpay fintech doxo released its latest tool to help consumers stay on top of their household finances. The Seattle-based company launched doxoBILLS today, a single platform that offers six key features that aim to give consumers insight into and control of all of their household bills in a single place.
“We’re proud to introduce doxoBILLS, the next generation of our all-in-one bill pay product. doxoBILLS is the first and only solution to incorporate all six essential elements of paying bills into one simple and safe platform,” said doxo CEO and Co-Founder Steve Shivers. “This is a huge step for our continued mission to empower consumers in organizing and paying their household bills, which represent the most fundamental financial obligations of every American household. Legacy bill pay systems are fragmented – almost always organized around individual billers or individual financial institutions – but doxoBILLS puts the consumer in the driver’s seat, enabling a simple view of all bills and due dates, the ability to pay any bill with any financial institution, and integrates essential financial protections to improve credit, help reduce late fees and overdraft fees, and protect online security.”
doxoBILLS is built on doxo’s Bill Pay Operating System (Bill Pay OS), the company’s flagship service that enables payment management. doxoBILLS adds to this capability by bringing together not only all-in-one billpay, but also a wallet that keeps customers’ payment credentials hidden from billers, a bank balance feature that helps mitigate bank overdrafts by showing the consumer their current account balance in real time, credit score insight and protection, $1 million in identity theft protection, and utility usage insights.
Users can access doxoBILLS on the doxo mobile app and website. doxo offers its standard benefits for free, including the ability to pay any bill for free with a linked bank account. Users seeking premium features, such as identity theft protection, credit score protection, and overdraft protection, can sign up for a doxoPLUS subscription, which currently costs $5.99 per month (plus tax, where applicable).
Founded in 2008, doxo allows U.S. consumers a single place to pay over 120,000 billers using a standard checkout and secure payment experience. doxo leverages Plaid to securely access the consumer’s bank account, a feature that allows users to keep their account data secure. To date, 10 million people have used doxo’s billpay experience.
The new doxoBILLS product creates a recurring revenue stream for the company while also giving users more reasons to engage with their accounts. Features like identity protection and credit score monitoring will encourage existing users to log in more often and attract new users to the platform.